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Blockchain-based multi-currency transaction fee collection method

A blockchain and transaction technology, applied in data processing applications, instruments, finance, etc., can solve the problems of the large price fluctuation range of Bitcoin and Ethereum, the increase of mining difficulty, and the reduction of multi-currency transactions. The effect of mining difficulty, reducing mining machine participation, and reducing transaction costs

Inactive Publication Date: 2018-10-19
WEALEDGER NETWORK TECH CO LTD
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0005] 1. eth transaction needs to pay 21000gas;
[0006] 2. The basic cost of creating a smart contract is 53,000 gas
[0011] With the rapid development of the market, the price of Bitcoin and Ethereum has a wide range of fluctuations, and the relative cost of transactions has become very expensive, even higher than the fees of the traditional financial system, and there are still a large number of mining machines participating in mining, which consumes too much resources. Big, the difficulty of mining is increasing, the cost is too high, and the collection of transaction fees will be changed, the gap between multi-currency transactions will be narrowed, and the popularity of the industry will be strengthened

Method used

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  • Blockchain-based multi-currency transaction fee collection method
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  • Blockchain-based multi-currency transaction fee collection method

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Embodiment Construction

[0030] The following will clearly and completely describe the technical solutions in the embodiments of the present invention with reference to the accompanying drawings in the embodiments of the present invention. Obviously, the described embodiments are only some, not all, embodiments of the present invention. Based on the embodiments of the present invention, all other embodiments obtained by persons of ordinary skill in the art without making creative efforts belong to the protection scope of the present invention.

[0031] The blockchain-based multi-currency transaction fee collection method is mainly divided into ordinary transactions and currency issuance transactions.

[0032] 【1】Ordinary transaction (transfer transaction, refer to image 3 )

[0033] 1) First calculate the handling fee according to the transaction size (for example, token: 0.01COIN / KB, GAS: 0.1COIN / KB, packaged and then used after 1 confirmation);

[0034] 2) If the transaction fee is too low or 0, ...

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PUM

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Abstract

The invention discloses a blockchain-based multi-currency transaction fee collection method. The method comprises the following steps of calculating a commission according to a transaction size, preferentially using gas billing and directly switching the token billing if a gas payment fee is insufficient, and completely transferring normal transaction gas and using token billing if a transaction currency is token. According to the method, the transaction cost is reduced by optimizing a transaction fee, the billing token is distinguished to be in a relatively stable range, and the price fluctuation is small. The participation of the mining machine is reduced, resources are saved, the difficulty of mining is reduced, a mining reward mechanism is canceled, the time of block out is improved, speculative behaviors are reduced, the transaction cost can be flexibly set, and the method is suitable for different business needs.

Description

technical field [0001] The invention relates to a new application mode of block chain technology, in particular to a method for collecting multi-currency transaction fees based on block chain. Background technique [0002] Blockchain technology, also known as distributed ledger technology, is an Internet database technology characterized by decentralization, openness and transparency. It was the underlying technology of Bitcoin at the earliest, and it is widely used in financial and other fields. [0003] Bitcoin billing is calculated by the amount of transaction data (refer to figure 1 ), the miners package the transaction and implement the principle of priority incentive competition. The higher the transaction fee, the shorter the transaction confirmation time; otherwise, the longer it will be. The price of Bitcoin fluctuates greatly, its total amount is limited to 21 million, and the transaction fee is too high. [0004] Ethereum billing structure (purchasing eth with ...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/06G06Q40/04
CPCG06Q20/065G06Q40/04
Inventor 幸佳程文彬郭光武
Owner WEALEDGER NETWORK TECH CO LTD
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